Topic: Why is BCH not King? - page 3. (Read 1302 times)
BCH is not king because BCH is a scam. It's a copy of the Bitcoin source code and pushed by virtual hustlers criminals. They are criminals because they are defrauding people. On Bitcoin.com which is owned by Roger Ver who is a major part of the Bitcoin Cash scam, they are offering Bitcoin Cash wallets called Bitcoin wallets. This is going to end up bad for it, never mind king.
Why do you guys think we didn't move to BCH from BTC? Even though the segwitx2 was cancelled, BCH still seems to be Bitcoin 2.0
Bitcoin is better than Bitcoin Cash. The BCH was probably made only to increase demand for bitcoins and for speculation. 
BCH is just an altcoin because it's just a clone which is not really popular by the way. I think it's gonna be down some time later.
Well because BCH is not capable of holding the whole crypto community at its finger tip which is the act done by the bitcoin through these 7 to 8 years. Obviously it is bitcoins hard work which is paying off the investors and bitcoin cash is just another currency which is being pumped artificially in the same way as other alts are done in the first place. Believe me this is not the way it works for any king currency. Most of the users of BCH we screwed on the day when they came to know that bitcoin cash was pumped and it is being going down now as there was no fuel left for it to keep that much high. ;-)
For me because BCH has not been officially recognized by the community because BCH is only interested in major investors and development cooperation. In the future if the BCH can attract Bitcoin investors to the BCH, this is surely a new revolution for the BCH.
Why do you guys think we didn't move to BCH from BTC? Even though the segwitx2 was cancelled, BCH still seems to be Bitcoin 2.0
I personally only consider BCH only as altcoin. Perhaps this is what makes people less interested in BCH. But I think there is nothing wrong if we invest in BCH, because the price is still cheap with a small capital we can buy 1 BCH. Thank you
bitcoin is like real coin. and other is imitation.
bch include in altcoin, so it imitation.
bch include in altcoin, so it imitation.
Why do you guys think we didn't move to BCH from BTC? Even though the segwitx2 was cancelled, BCH still seems to be Bitcoin 2.0
BCH is faster and cheaper now because it doesn't have anywhere near the same amount of traffic BTC has to cope with. Bitcoin core are 100% on the right track, they have Segwit so it can scale and still keep the network secure. Bigger blocks are not the answer right now. Once Segwit adoption improves Bitcoin will be ready for the future. BCH is Bitcoin 2010. BTC is Bitcoin 2017.
mining difficulty was manipulated to attract miners under false pretence , honey to trap the bears.
that is the same with Bitcoin
No apparent reason, as it seems by many newbies nowadays mate, the long version of it is boring, short version is the obvious reasons, Asicboost is
Still active on Bch, mining difficulty was manipulated to attract miners under false pretence , honey to trap the bears.
Still active on Bch, mining difficulty was manipulated to attract miners under false pretence , honey to trap the bears.
It is simply because none of this alts were able to provide a good reason for them to replace bitcoin in the market also people were able to put their trust over bitcoin and that's difficult to replace. As long as the demand and market of bitcoin continue to succeed people will go over bitcoin and will remain loyal to this currency other will just be an option for a short term investment with a little percentage of income were used
Why do you guys think we didn't move to BCH from BTC? Even though the segwitx2 was cancelled, BCH still seems to be Bitcoin 2.0
Mostly it depends on miners - currently the majority of miners vote for BTC. At the same time BTC is like a gold or invesment tool now. So investors are interesting in BTC popularity but not the BTC value as criptocurrecny.
Most of the people in who have invested lately in bitcoin really only know of bitcoin and not alts. As they learn more about cryptos they will probably move to bch.
Even if they have the knowledge about cryptocurrencies. They will choose to invest in BTC. Because it's the main cryptocurrency and trusted by many investors. 
Why do you guys think we didn't move to BCH from BTC? Even though the segwitx2 was cancelled, BCH still seems to be Bitcoin 2.0
Bitcoin and and bcash have completely different views for the future. Bitcoin is evolving as a digital commodity, and bcash is just trying to pursuit the new payment method option. Bitcoin is way ahead of every other cryptocoin out there, if we talk about the digital commodity path. Institutional money is cumming to the market, so bitcoin is on it's way to become a new asset in Wall Street. No other coin is getting any attention from big investors, like BTC is. Except for maybe ethereum, but for completely different reasons, since ether works more as a platform to invest in "start ups".
As for bcash, like I said, is completely focused in being a form of payment, so it's not really competing with bitcoin. Is actually competing with dash, or monero, and to be honest I would prefer any of these two in comparison to bcsh. So for me, the only reason we see bcash this high, when we compare it to dash for example, is because it is taking advantage of the "bitcoin name".
As for technology, it is ahead of bitcoin right now, in terms of transactions, but again that is not important for BTC right now, because it is evolving as "digital gold" and not a payment option. In the future, the Lightning network will be a much better option for scalability than the block increase, so bcash will continue to struggle, and BTC will be able to move as a well establish digital asset, to a form of payment.
For me, this is the reason why bcash is not king, and never will be, and I still think it will probably fail as a form of payment, when compared to the other options out there.
Reasons why bitcoin is king don't matter if fees are so high that competition rushes in. Now it's here.
First things first, Bitcoin cash is a scam coin. Everybody knows that since the moment it was created after forking Bitcoin it was pumped and then dumped hard. While it is normal for a coin to pump and dump at the beginning of its launch BCH was pumped more than one time.
It was also used as a weapon against Bitcoin to manipulate its price, which effected the mid level traders very much because of its hard dump.
How can such a coin become a king when BTC is here.
It was also used as a weapon against Bitcoin to manipulate its price, which effected the mid level traders very much because of its hard dump.
How can such a coin become a king when BTC is here.
In my opinion, increasing the block size is not the perfect solution. Someday we would have to increase the capacity of the blocks due to growing Bitcoin popularity. 8 MB is quite a lot, even higher block size could lead to a decrease of independent nodes. SegWit has helped us to reduce fees. However, Bitcoin price is constantly growing so that is why transactions are getting more and more expensive.
BCH has its own advantage of confirming speed, confirming slower than the BTC network, which is not related to his value, and now BTC is a high-value asset class and is favored by many IFCs. As for the a few days before the skyrocketing, you can be seen as a retaliation for people underestimating BCH.
Most of the people in who have invested lately in bitcoin really only know of bitcoin and not alts. As they learn more about cryptos they will probably move to bch.
Even if they have the knowledge about cryptocurrencies. They will choose to invest in BTC. Because it's the main cryptocurrency and trusted by many investors. 
See the sheer block size that would need to be implemented if you do the maths, and you see the magnitude of the problem.
i agree with some of the things you say but i am not yet convinced about either one of the solutions that are being proposed.
things are never as easy as just increase the block size and be done with it. increase by how much? the 8 MB of BCH? if we assume your numbers are correct that is 8*7=56 tx/sec that is still nowhere near 2000.
so what will we gain with that kind of increase? we just made running a full node 8 times harder.
i say on chain scaling is needed but i ask myself by how much? we can not have 500 MB blocks which is nearly 2000 tx/sec
that is where Lightning Network comes in. although that is less centralized than on-chain scaling but it is a solution to get that much tx/sec.
You see i can agree with this statement as well, which is why i had mentioned about some 'serious thinking and implementation' as larger blocks is not the 'best' solution either, BCH being a band-aid in the same way to the problem you talk about.
There is a careful balance to be struck, and I will admit, I have little clue as to what could be the best solution, simply increasing block size to approach that level isn't viable for the reasons we both stated, off-chain solutions have their own problems but are a potential possibility, like the lightning network.
I am unsure how this will play out in the long term, of course and that is if BTC is to be used as a currency, not a 'store' of value, in which case smaller blocks will suffice. Basically its picking the road it will go down.
Most of the endless 'bitcoin forks' have not put enough effort into this problem, but are merely an attempt to play games with money, Bitcoin Gold proposed ASIC resistance, yet had an insane premine
It is curious to see how this problem will be solved, it is no easy problem to solve. Ethereum will have the same problem re. how many smart contracts can run as they all use the entire network nodes to execute each piece of code.
The blockchain has changed the world, now it needs to scale
Often backlogs of transactions are 'caught up' during quiet times, but when used heavily daily, 'quiet times' may become non-existent and thus there would be a constant 'defect'
The main reason probably is because BCH is nonsense. Anyone switching from BTC to BCH will lose in mid- and long-term.
The reasons for that are quite simple:
1) There haven't been any tests on how the whole network reacts to 8x higher blocksize. BCH didnt have any "big blocks" yet. There are currently at about 20-50 KB (!).
No considerations have been made that 8x bigger blocks mean 8x bandwith, storage and verification time is needed. So this may work out.. but it could also equally not work out and completely collapse.
2) An on-chain scaling is not scalable. It may be enough for the next 3-5 years. But whats next? Change blocksize to 16, 32, 64 MB ? If blocksize gets increased even more a lot of bandwith will be only
used to keep the BCH network alive. And additionally the verification time of one block will exceed the average time it needs to create a block. This will lead to extreme(!) centralisation, because only miner
with super computer will be able to verify the 'old' block and mine a new block before "standard" miner have verified the last block.
BCH is doomed to fail. Wheter it will happen when blocks reach 6-8 MB, or later on..
The only tangible scaling solution would be to add a second layer "onto the blockchain". Thats where the lightning network comes in play.
The reasons for that are quite simple:
1) There haven't been any tests on how the whole network reacts to 8x higher blocksize. BCH didnt have any "big blocks" yet. There are currently at about 20-50 KB (!).
No considerations have been made that 8x bigger blocks mean 8x bandwith, storage and verification time is needed. So this may work out.. but it could also equally not work out and completely collapse.
2) An on-chain scaling is not scalable. It may be enough for the next 3-5 years. But whats next? Change blocksize to 16, 32, 64 MB ? If blocksize gets increased even more a lot of bandwith will be only
used to keep the BCH network alive. And additionally the verification time of one block will exceed the average time it needs to create a block. This will lead to extreme(!) centralisation, because only miner
with super computer will be able to verify the 'old' block and mine a new block before "standard" miner have verified the last block.
BCH is doomed to fail. Wheter it will happen when blocks reach 6-8 MB, or later on..
The only tangible scaling solution would be to add a second layer "onto the blockchain". Thats where the lightning network comes in play.
Wow man, you sure know your technical stuff.
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